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House Agriculture Panel Weighs USMCA Future as July 1 Deadline Expected to Pass

The House Agriculture Committee will hold a hearing on Wednesday titled "Agricultural Perspectives on the Future of the USMCA" as the US, Mexico and Canada are expected to blow past the July 1 deadline to renew the trade agreement, according to Bloomberg. The missed milestone will trigger rolling annual reviews instead of a 16-year extension, creating extended uncertainty for agricultural trade across North America.

The June 10 hearing comes as agriculture emerges as a major factor in the USMCA review process...

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Bipartisan Senate Bill Targets Flag of Convenience Loophole in Illegal Fishing

Senators Jeff Merkley (D-OR) and Roger Wicker (R-MS) introduced bipartisan legislation last week to close vessel-flagging loopholes that enable illegal fishing operations to flood US markets with untraceable seafood.

The Protecting US Fishers from Illegal Foreign Flags Act would hold illegal fishers accountable for using "flags of convenience" – registering vessels in countries with weak oversight to avoid environmental and labor standards while operating in international waters.

"Flags of convenience enable IUU fishing by allowing vessels to dodge oversight, further exposing American consumers...

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Norway Scraps Aquaculture Price Council After Industry Pressure

Norway's parliament voted to abolish the Aquaculture Price Council last week, ending a controversial taxation mechanism that the salmon farming industry had long criticized.

Seafood Norway CEO Geir Ove Ystmark called the Storting's decision "correct and long-awaited," arguing the council applied petroleum and hydropower tax models unsuitably to aquaculture. The council set theoretical monthly benchmark prices for determining taxable revenues, but Ystmark said this created a "theoretical average tax that attempts to find a market price that does not actually exist...

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UNFI Posts Higher Profitability and Cash Flow in Fiscal Q3 Despite Sales Decline

United Natural Foods, Inc. (UNFI) reported third-quarter fiscal 2026 results showing improved profitability, stronger cash flow and continued progress on operational initiatives, even as net sales declined year over year due largely to ongoing optimization efforts.

For the 13-week period ended May 2, 2026, net sales totaled $7.7 billion, down 4.2% from the prior-year quarter. The company said the result included an approximately 450-basis-point impact from optimization actions.

Net income reached $33...

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House Passes Larsen Bill to Reauthorize Northwest Straits Commission

The US House has overwhelmingly passed legislation to reauthorize the Northwest Straits Commission for another seven years, backing a long-running, community-driven effort to restore marine habitats in Puget Sound. The bill, led by Rep. Rick Larsen (D-WA), cleared the chamber on a 374–49 vote.

“The Commission’s bottom-up approach has ensured that local communities have the resources and expertise they need to keep marine habitats healthy,” Larsen said, noting its role in recovering threatened species “including Southern Resident Killer Whales...

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ANALYSIS: Norwegian Atlantic Salmon Exports Surge Amid Harvest Declines

Norwegian Atlantic salmon harvest dropped 6.6% year-over-year (YOY) in April 2026, according to the Norwegian Directorate of Fisheries. The harvest level through April was 2.6% higher year-to-date (YTD). Continuing recent trends, stock biomass remained 1.7% lower YOY (Figure 1). Despite the slowdown in harvest compared to the previous month, down 4.2% month-over-month (MOM) in April, market participants reported adequate to fully adequate supply levels...

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Chile Posts 13% Fisheries Growth in 2025 as Jack Mackerel, Sardine Surge; Salmon Dominates Farming

Chile's National Fisheries and Aquaculture Service (Sernapesca) reported total sector landings of 4.51 million tons in 2025, marking a 13% increase from the previous year as both wild-capture and farmed production expanded across major species categories.

The annual statistics, released on June 3, show that industrial fishing contributed 1.27 million tons, while artisanal operations landed 1.72 million tons. Aquaculture harvests reached 1.53 million tons, with the combined sectors reflecting broad-based growth across Chile's fishing regions...

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House Bill Would Subject Marine Monument Fishing to Magnuson-Stevens Rules

The House Subcommittee on Water, Wildlife and Fisheries examined legislation on June 3 that would require fishing in marine national monuments to follow federal fisheries management standards, along with measures expanding Alaska Native sea otter harvesting rights and Gulf state waters.

Rep. Amata Coleman Radewagen's (R-American Samoa) H.R. 8904 would codify that fishing in marine national monuments designated under the Antiquities Act must be regulated under the Magnuson-Stevens Fishery Conservation and Management Act. The measure aims to maintain US fisheries management standards while ensuring responsible access to resources...

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Nissui Raises Shipping Prices Up to 30% on Frozen Foods, Fish Products

Japanese seafood giant Nissui announced June 1 that it will increase shipping prices on household frozen foods, processed fish products, and commercial frozen foods effective September 1, 2026.

The price increases range from 2% to 30%, depending on product category, with household processed foods, including chikuwa, crab-flavored kamaboko, and fish sausage, seeing 5-17% increases. Household prepared frozen foods and frozen agricultural products will increase 2-17%, while some commercial frozen foods face increases of up to 30%...

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